President Joe Biden’s war on the oil and gas industry has cost the United States more than a quarter of a trillion dollars in lost economic activity, according to a new study.
The Committee to Unleash Prosperity released the findings of its study to The Daily Wire after U.S. oil production under Biden has failed to reach the same trend line regarding rate of growth that was achieved under former President Donald Trump.
While the U.S. is currently producing more oil than ever before, it is only slightly higher than the U.S. was producing in 2019, prior to the coronavirus pandemic.
The study was conducted by Stephen Moore, Co-Founder of the Committee to Unleash Prosperity, and Former Chief Economist of the White House Council of Economic Advisers Casey Mulligan, Ph.D., Professor in Economics at the University of Chicago and Senior Fellow at the Committee to Unleash Prosperity.
“The…
